PNC Financial Services Group Inc. Lowers Holdings in SentinelOne, Inc. $S

PNC Financial Services Group Inc. decreased its position in SentinelOne, Inc. (NYSE:S) by 19.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,012 shares of the company’s stock after selling 2,189 shares during the period. PNC Financial Services Group Inc.’s holdings in SentinelOne were worth $164,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in SentinelOne during the fourth quarter worth about $63,120,000. Massachusetts Financial Services Co. MA raised its position in SentinelOne by 92.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after purchasing an additional 2,558,702 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of SentinelOne by 71.8% during the first quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company’s stock worth $61,426,000 after buying an additional 1,411,626 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in SentinelOne during the 1st quarter worth about $21,278,000. Finally, Federated Hermes Inc. grew its position in shares of SentinelOne by 36.2% in the 1st quarter. Federated Hermes Inc. now owns 3,544,338 shares of the company’s stock valued at $64,436,000 after buying an additional 941,302 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

S has been the subject of several recent research reports. Rosenblatt Securities assumed coverage on shares of SentinelOne in a research note on Friday, July 18th. They set a “buy” rating and a $24.00 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Guggenheim reissued a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. Susquehanna lowered their target price on shares of SentinelOne from $25.00 to $24.00 and set a “positive” rating for the company in a research note on Thursday, May 29th. Finally, Stephens reiterated an “overweight” rating and set a $25.00 price objective on shares of SentinelOne in a report on Tuesday, May 27th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.80.

SentinelOne Stock Up 1.1%

NYSE:S opened at $16.99 on Tuesday. The company has a market cap of $5.65 billion, a PE ratio of -12.87 and a beta of 0.77. The business’s 50 day moving average is $17.91 and its two-hundred day moving average is $19.03. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 2,921 shares of SentinelOne stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $50,562.51. Following the completion of the transaction, the chief accounting officer directly owned 306,044 shares in the company, valued at $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keenan Michael Conder sold 11,097 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the transaction, the insider directly owned 596,332 shares of the company’s stock, valued at $10,900,948.96. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,730 shares of company stock valued at $2,366,017. Corporate insiders own 4.33% of the company’s stock.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.